Why Fall Is the Best Time to Buy a House in Canada
As much as some may perceive the Canadian real estate market as constant, it is dynamic, with each season having its peculiarities favourable to homebuyers. One of the least considered but the most ideal times to buy a home is during the fall season. The generalconsensus is that purchasing a house in the fall is […]
What Is the Best Season to Sell a House in Canada?
Listing is one of the most significant decisions when selling a house; timing is vital to success. Given the Canadian climate and housing market instability, it is essential to understand the optimal timing for selling a home effectively. In this blog, we’ll look at the Canadian housing market to determine the best time to sell […]
September & October – Bimonthly GTA Newsletter
The July 2024 Greater Toronto Area (GTA) real estate market saw a 3.3% increase in home sales compared to the previous year, with 5,391 homes sold. Detached homes led the sales, showing a modest increase, while condo sales dipped slightly. TRREB President Jennifer Pearce and Chief Market Analyst Jason Mercer suggest that this rise could […]
July & August – Bimonthly GTA Newsletter
The Greater Toronto Area (GTA) housing market showed stability in May, with transactions remaining steady at 7,013, similar to April’s 7,114. The average price also saw little change, hovering around $1.16 million. However, a year-over-year comparison revealed a decline in both sales and prices. This reflects the market response to the Bank of Canada’s interest […]
May & June – Bimonthly GTA Newsletter
John Burdi’s May/June 2024 real estate newsletter provides insights into the Greater Toronto Area (GTA) housing market and financial considerations. Despite a 4.5% decrease in GTA home sales in March compared to the previous year, attributed partly to fewer sales days due to Good Friday and prospective buyers awaiting lower interest rates, there’s optimism for […]
FEBRUARY 2024 – VELLORE VILLAGE REAL ESTATE NEWSLETTER
The newsletter also provides localized market analyses for Vellore Village, presenting recent sales data for various property types in these areas. Additionally, it delves into mortgage rates and financial considerations, offering guidance on choices between paying down the mortgage, contributing to RRSPs, or investing in TFSAs. The advice emphasizes comparing interest rates and individual financial […]
FEBRUARY 2024 – KLEINBURG REAL ESTATE NEWSLETTER
The newsletter provides a localized market analysis for Kleinburg, detailing recent sales data for various property types. Additionally, it explores mortgage rates and financial considerations, advising on choices between paying down the mortgage, contributing to RRSPs, or investing in TFSAs. The guidance emphasizes comparing interest rates and individual financial situations when making these decisions. Overall, […]
February 2024 – Sonoma Heights Real Estate Newsletter
The market update includes a breakdown of recent sales in Sonoma Heights, emphasizing various property types and their average prices. The newsletter also provides mortgage rates and explores financial considerations, such as paying down the mortgage versus contributing to Registered Retirement Savings Plans (RRSPs) or Tax-Free Savings Accounts (TFSAs), advising consideration of interest rates and […]
The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges
TORONTO, ONTARIO, January 4, 2024 – While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in at less than 70,000 due to affordability issues brought about by high mortgage […]
January / February 2024 BiMonthly Real Estate Newsletter
In November, the Greater Toronto Area (GTA) real estate market faced challenges with a 6% drop in home sales, totaling 4,236, and sluggish growth in average home price by 0.3% to $1,082,179, according to the Toronto Regional Real Estate Board (TRREB). New listings declined by 26.8% from the previous month but increased by 16.5% compared […]